Latin America, the Favorite Destination for Fintech and Forex Market Agents

Latin America stands as the preferred destination for fintech and forex market agents. According to a report recently prepared by the Inter-American Development Bank (IDB) and Finnovista, in 2022 Latin America and the Caribbean will already constitute fertile ground for a large number of fintech startups.

In that same year, more than 1,500 fintech companies were established in this region, which was 47% more than in 2021. From its beginnings with digital payments, fintech innovation moved to e-commerce to later occupy financial services.

After reaching the broker sector, the transformation experienced by the fintech sector caused Latin American traders to opt for more advanced trading technologies, such as decision-making support tools or trading automation.

According to another report by Worldpay, a global payment processor, and GlobalData, a data analytics provider, traders operating in the largest economies in Latin America, such as Brazil and Argentina, are expected to trade more digital instruments, such as exchange-traded funds (ETFs) or cryptocurrencies, along with more traditional instruments, such as forex or stocks.

On the other hand, cybersecurity continues to be a hot topic on the agenda of Latin American fintech companies and investment platform operators. With the rise of cybercrime, consumer concerns regarding data protection and security have only increased.

In order to meet the sophisticated demands of an increasingly tech-savvy public, financial market players are faced with the need to adopt transformative technologies, and with no signs of investment in the fintech sector slowing down, It is expected that the benefits derived from it will continue to increase.

Thus, as predicted by the consulting firm McKinsey & Company, by 2028, the profits generated in the fintech sector in Latin America will grow three times more than those generated in the banking sector.

With a fintech sector that in 2023 alone managed to amass 1.6 billion US dollars in venture capital investment, Latin America is brimming with opportunities for fintech companies and forex brokers with a global growth program.

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Mexico: new destination on the iFX EXPO map

With a flourishing ecosystem made up of 650 fintech startups, Mexico has become the largest fintech market in Latin America and the Caribbean.

On the other hand, the forex area continues to grow sustainably thanks to the liquidity of the Mexican peso, one of the emerging currencies that is most traded in the market.

Given this scenario, for iFX EXPO, the largest event in the world dedicated to the fintech sector and companies dedicated to the online trading sector, Mexico has become a new key destination on its world tour.

From April 9th to 11th, at the World Trade Center Mexico City, Mexica 1 and 2, iFX EXPO LATAM will be the key meeting point for brokers who want to expand in the region.

Connection between companies in the sector and Mexican buyers

For companies seeking to open new paths in the Latin American market, iFX Expo constitutes a golden opportunity to showcase their solutions, forge alliances and gain invaluable visibility for the buyer.

With an influx of 3,500 participants and more than 1,600 companies from all fintech sectors (paytech, regtech, back office and CRM technology providers), accompanied by brokers, affiliates and IBs (presenting brokers), all gathered under one roof, The expo offers the possibility of discovering business opportunities throughout the sector.

Whether you are a fintech startup looking to gain momentum or an established forex or CFD broker looking to expand your legacy, attending iFX Expo as a sponsor or having your booth there will catapult your brand to new heights and open doors for you. to markets yet to be discovered. Reserve your stand at iFX EXPO LATAM 2024 and unlock endless possibilities.

News from iFX EXPO LATAM 2024

In addition to presenting their products and showing the latest in innovation and development that has been shaping the landscape of forex and CFD trading in Latin America, participants will have the opportunity to join interesting discussion panels led by experts and intellectuals in the sector. coming from all areas of fintech and online trading.

Considered “the largest online trading event on the planet”, it is the perfect setting for brokers, SaaS companies, such as payment processors, fintechs and liquidity providers to present, and an opportunity for brokers to meet traders and exchange opinions, as well as learn from each other.

Faced with a rising online trading market, Latin America appears to be a highly promising global center of finance and fintech and, in this sense, iFX EXPO LATAM 2024 stands as the main platform from which to capitalize on this thriving market.

The unparalleled networking opportunities, the knowledge and ideas imparted there by experts, and a strategic location make iFX EXPO not just a run-of-the-mill event, but a gateway to success in Latin America’s dynamic fintech ecosystem.

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(Featured image by Walkerssk via Pixabay)

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First published in EL ECONOMISTA. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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